| STMicroelectronics N.V. | ||||
| Consolidated Statements of Income | ||||
| (in millions of U.S. dollars, except per share data ($)) | ||||
| Twelve Months Ended | ||||
| (Unaudited) | (Audited) | |||
| December 31, | December 31, | |||
| 2016 | 2015 | |||
| Net sales | 6,944 | 6,866 | ||
| Other revenues | 29 | 31 | ||
| NET REVENUES | 6,973 | 6,897 | ||
| Cost of sales | (4,518 | ) | (4,565 | ) |
| GROSS PROFIT | 2,455 | 2,332 | ||
| Selling, general and administrative | (911 | ) | (897 | ) |
| Research and development | (1,336 | ) | (1,425 | ) |
| Other income and expenses, net | 99 | 164 | ||
| Impairment, restructuring charges and other related closure costs | (93 | ) | (65 | ) |
| Total Operating Expenses | (2,241 | ) | (2,223 | ) |
| OPERATING INCOME | 214 | 109 | ||
| Interest expense, net | (20 | ) | (22 | ) |
| Income (loss) on equity-method investments | 7 | 2 | ||
| INCOME BEFORE INCOME TAXES | 201 | 89 | ||
| AND NONCONTROLLING INTEREST | ||||
| Income tax benefit (expense) | (31 | ) | 21 | |
| NET INCOME | 170 | 110 | ||
| Net loss (income) attributable to noncontrolling interest | (5 | ) | (6 | ) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 165 | 104 | ||
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.19 | 0.12 | ||
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.19 | 0.12 | ||
| NUMBER OF WEIGHTED AVERAGE | ||||
| SHARES USED IN CALCULATING | ||||
| DILUTED EARNINGS PER SHARE | 886.3 | 880.6 | ||
